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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai copper on July 4

    Brief review of Shanghai copper on July 4

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Today, the main 1808 contract of Shanghai copper opened at 50900 yuan / ton, in the morning session, copper prices have been around the opening price near a narrow range of consolidation, long and short into a tug-of-war, but as soon as the afternoon opens, bears are menacing, have entered the market to suppress, copper prices open the downward mode, all the way to the rush, the low to 50010 yuan / ton, then 50000 yuan / ton integer off temporarily supported, copper prices slightly repaired, finally closed at 50100 yuan / ton, down 1230 yuan / ton, down 2.
    4%, Positions increased by 11,034 lots to 176,000, trading volume increased by 101,000 lots to 245,000 lots, and Shanghai Copper Index holdings increased by 22,270 lots to 692,000 lots
    .

    Shanghai copper

    South Reserve East China: 50,660 yuan, down 380; Liter discount quotation: -60 to -20 yuan, up 55
    .
    In East China, the market fell further, causing the discount to narrow sharply in the morning, but it was difficult to trade, and then it was said that there were large households receiving goods, and the transaction improved after lowering the price, while the supply of wet copper in the market was tight, and the discount was also narrowing
    .
    Today's premium copper mainstream trading pair futures contract discount of 10-20 yuan, flat water copper discount 50-60 yuan, wet copper discount 90 yuan
    .

    South China: 50,780 yuan, down 380; Liter discount quotation: 70 to 100 yuan, up 40
    .
    In Guangdong, although the inventory fell again compared with yesterday, but the supply is still sufficient, today's premium is relatively fast to pull up mainly following the Shanghai area discount narrowed sharply, buyers are not receptive to this, low price purchase, and downstream due to the decline in the market slightly purchased, the overall trading situation is not as good as yesterday
    .
    Today's premium copper mainstream trading pair futures contract premium 90-100 yuan / ton, flat water copper premium 70-80 yuan / ton
    .

    Today, affected by the Sino-US trade war worries, the market is bearish atmosphere, Shanghai copper out of a long black line, fell to around 50,000 yuan / ton, continue to pay attention to the support of 50,000 yuan / ton integer in the evening
    .
    The data surface is light
    in the evening.

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